Offshore & subsea

The survey started in late 2018 and covered the Buzios field, lying in approximately 2000 m water depth.

The company’s latest research reveals that the West of Shetland (WoS) area retains the attention of major exploration and production (E&P) players in the region.

The Cougar XT electric underwater robotic vehicle will boost RusselSmith's subsea operations in Africa.

The company has acquired a 9.57% stake in the supergiant Azeri-Chirag-Gunashli oilfield.

The change applies to all deepwater production sharing contracts, regardless of vintage.

The Tambak-1 well is located approximately 4.5 km north of the Mako South-1 location and is designed to both appraise the extent of the Mako gas field as well to test the underlying Tambak prospect.

The contract scopes will see the company providing two North Sea operators with the intelligence they need to make decisions about the removal of items from the seabed, reduce ad-hoc engineering and minimise time spent offshore.

The survey at block 11B-12B will be Shearwater’s first project offshore South Africa.

Project to deliver the industry’s longest deepwater tieback using a subsea multiphase compression system.

The Whale FPU comprises a topside module and a four-column semi-submersible floating hull, with a combined weight of 25 000 t. Slated for completion in 2022, it will operate in the Alaminos Canyon Block 772.

Under the terms of the agreement, Emerson will provide dedicated servers and associated hardware infrastructure to Petrobras and manage those systems on its behalf.

A study by Rystad Energy has concluded that offshore projects sanctioned between 2010 and 2012 have barely been able to generate any value for E&P companies.

Under the revised plan, estimated gross production from Ruche phase 1 offshore Gabon is forecasted to double from 15 000 bpd to 30 000 bpd.

The contract is with Serica Energy and is expected to commence in 4Q20.

FAR has said it believes the project will deliver the company a net 13 670 bpd of oil production at US$$11/bbl OPEX, with an unlevered project internal rate of return in excess of 30%.